EU’s Gentiloni Plays Down Risk of China Retaliation on EV Probe
The European Union downplayed the potential of a harsh Chinese response to the bloc’s investigation of electric-vehicle subsidies. #press
US Homebuyers Cancel Purchases at Highest Rate in 10 Months
Home purchases across the US are getting canceled at the highest rate in almost a year as rising borrowing costs weigh on buyers. #press
Abu Dhabi’s Chimera Sets Up $50 Billion Asset Manager
Abu Dhabi’s Chimera Investment LLC has launched a new global alternate investment manager with $50 billion of assets under management. #press
European Stocks Rally as Solid China Data Adds to Post-ECB Gains
European stocks rallied, adding to their post-ECB gains, as better-than-expected Chinese economic data boosted sentiment. #press
Mexico Regains Highest US Air-Safety Rating After Two-Years
Mexico recovered the highest level of aviation safety rating from the US Federal Aviation Administration, more than two years after losing its Category 1. #press
Mexico’s Populist Leader Abandons Austerity to Investor Chagrin
Investors in Mexico’s $91 billion of foreign sovereign bonds are coming to an uneasy realization: Perhaps Andres Manuel Lopez Obrador is the populist they’d once feared him to be. #press
Lagarde Right to Send Signal: Former ECB Economist Praet
Former ECB Chief Economist Peter Praet says the ECB's decision to raise interest rates for the 10th consecutive time signals an inflection point for markets. He speaks on "Bloomberg Markets: European Close." (Source: Bloomberg) #press
The Man Who Rebuilt Morgan Stanley
James Gorman was the right leader at the right time when Morgan Stanley named him CEO in 2010. With the bank now preparing for his departure, Scarlet Fu takes a look at Gorman’s legacy and the road ahead for his successor. (Source: Bloomberg) #press
Mortgage Rates in US Increase for First Time in Three Weeks
US mortgage rates rose for the first time since late August, ratcheting up the pressure on borrowers. #press
Electric Vehicles or Combustion? Consumers, Regulators Disagree
Electric vehicles or combustion engines? That was the main question that Mike Dean asked in his proprietary survey. Turns out, government priorities don't align with those of consumers and automakers. Between the lack of charging infrastructure, range anxiety, elevated prices and a plethora... #press
Banks Rush to Gain Foothold in $1.5 Trillion Private Credit Market
Banks are increasingly muscling in on the $1.5 trillion private credit market in a move that further blurs the lines between private-lending funds and their traditional banking rivals. #press
France’s Le Maire Rules Out Big Power Price Jump in Early 2024
French Finance Minister Bruno Le Maire ruled out a big jump in electricity prices at the beginning of next year. #press
Goldman Fires Transactional Banking Chief Over Lapses
Goldman Sachs Group Inc. fired several transaction banking executives over compliance lapses including the head of the business, Hari Moorthy. Sonali Basak reports on Bloomberg Television. (Source: Bloomberg) #press
Danish Central Bank Raises Interest Rates to Mirror ECB Hike #press
UAW Ready to Walk Out on Big Three Automakers
The United Auto Workers union is ready to strike against all three Detroit carmakers if a deal is not reached by 11:59 PM tonight. Targeted walkouts are planned. Bloomberg's Annmarie Hordern has the latest. (Source: Bloomberg) #press
ECB a 'Chip Shot' Away From Monetary Neutrality: Ryding
"I don't think we're going back to the very low interest rates that we had pre-pandemic," Brean Capital Chief Economic Adviser John Ryding says during an interview on "Bloomberg Surveillance." (Source: Bloomberg) #press
The Pulse With Francine Lacqua 09/14/2023
The Pulse With Francine Lacqua is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guest: Richard Clarida, Pimco Global Economic Advisor and... #press
Dubai Sustainable City Developer Considering 2024 IPO
SEE Holding, which developed the Middle East’s first residential community to achieve net zero, is considering an initial public offering of its Sustainable City entity in the United Arab Emirates, according to people familiar with the matter. #press
German Debt Hasn’t Been This Appealing Relative to Cash in Years
German debt hasn’t been this appealing relative to cash in years, the latest sign a collateral shortage that dogged the region’s money markets is easing. #press
Saudi PIF Developer Lines Up $2.7 Billion for Building Spree
Roshn Real Estate Co., one of Saudi Arabia’s largest master developers, has lined up about 10 billion riyals ($2.67 billion) in funds as it gears up to work on a slew of projects across the kingdom. #press
